After the tension between Iran and Israel over the weekend Bitcoin and altcoins experienced sharp declines. BTC While it dropped to $60,700 in altcoins There were also great losses.
While BTC and the market were slowly recovering after the sharp decline over the weekend, CoinShares published its weekly cryptocurrency report.
Last week in cryptocurrency investment products Stating that it experienced small outflows of $126 million, Coinshares said that the positive price momentum has stopped.
“Cryptocurrency investment products saw small outflows of $126 million last week.
“Investors appear hesitant as positive price momentum has stalled.”
Ethereum (ETH) and Solana (SOL) Sales Continue!
When looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.
BTCthe largest altcoin with an outflow of $110 million Also in Ethereum (ETH) An outflow of 28.7 million dollars was seen.
There was an inflow of $1.7 million in the Bitcoin Short fund, which was indexed to the decline of BTC.
When we look at other altcoins Litecoin (LTC) 1.6 million dollars, Polkadot (DOT) 0.8 million dollars, Decentraland (MANA) $4.9 million, LIDO While experiencing an inflow of 1.8 million dollars; Solana (LEFT) It had an outflow of $3.6 million.
“Bitcoin saw an outflow of $110 million but has maintained a positive inflow of $555 million since the beginning of the month. Short-bitcoin broke a 3-week streak of outflows with small inflows of $1.7 million, likely taking advantage of recent price weakness.
Ethereum was the altcoin that suffered the most relative damage last week, with an outflow of $29 million, marking its 5th consecutive weekly outflow.
Aside from Solana seeing $3.6 million in outflows last week, altcoins had another good week. More esoteric names like Decentraland, Basic Attention Token and LIDO saw inflows of $4.9 million, $2.9 million and $1.8 million respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 145 million dollars.
After the USA, Canada ranked second with 6 million dollars.
Against these outflows, Germany lost 28.6 million dollars; Brazil experienced an inflow of 3 million dollars.
*This is not investment advice.
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